Restructuring of Virgin Gold Mining Corporation (1999 – 2012)

Virgin Gold started with a humble beginning in Panama in 1999. In 2010 we decided to offer Convertible Preferred Shares (CPS-GOLD) to raise capital for our gold mining ventures. We are proud to say that the CPS decision has brought huge success for both the company and our shareholders. While the company benefited from fresh investments to fulfil its growth potential, shareholders enjoyed good returns for the past three (3) years.

As promised, the time has come for us to take this corporation to the next level. The Board of Directors has unanimously approved the corporate restructuring of Virgin Gold Mining Corporation effective today, the 1^st of October 2012. 

Virgin Gold Mining Corporation

Corporate Restructuring Diagram

Professional Closed-End Fund (BVI) Listing in 12 - 15 months Share price to appreciate 13 - 18% per month Admin office - Frankfurt, Germany Managed by a new professional corporate team

Transfer all Gold Mining Assets & CPS-GOLD

Virgin Gold Mining Corporation (Panama)

 

      Transfer all Platinum Mining Assets                     Onshore Investment Vehicle

VGMC (Belize) Offers CPS-PLATINUM Admin office - Frankfurt, Germany Managed by current corporate team VG Resources Limited Listed on GXG Market, Denmark Involved in Large Mining Investment, Acquisitions and Mergers Admin office - Frankfurt, Germany

Note: VGMC (Panama) will maintain normal operation for the next 12 months to facilitate and to complete this corporate restructuring.

As illustrated in the diagram above, Virgin Gold Mining Corporation (Panama) will be restructured into three (3) new entities.

1. A Professional Closed-End Fund (PCEF) based in the British Virgin Islands (BVI). All Gold Mining Assets, Mining Ventures and CPS-GOLD will be converted and transferred into this fund. A new professional corporate team has been set up to manage the PCEF. The PCEF will be in full operation by December 2012 and will be listed within the next 12-15 months

2. VGMC (Belize) will assume control of all the company's Platinum Mining assets and continue to offer CPS-PLATINUM to all shareholders.

3. VG Resources Limited will be used as our corporate investment, acquisition and merger vehicles for all future mining ventures. VG Resources Ltd is a UK Corporation listed on GXG Markets. This is a regulated European wide market authorised by the Danish Financial Supervisory Authority.

On behalf of the management, I would like to take this opportunity to thank all our shareholders for their continuous support over the years. I firmly believe that the new corporate development will bring our group of companies to greater heights and fulfil every shareholder’s dream for financial freedom.

The end of today marks the beginning of another new chapter in our life.

Kenneth Elinger
CEO - Virgin Gold Mining Corporation